209 Sanford Rd Wells, ME 04090-5543
This exceptional mixed-use property in Wells, Maine, presents a compelling investment opportunity. Located at 209 Sanford Rd, this 7,126 square foot building sits on a 0.975-acre lot, offering high visibility and convenient access to the Maine Turnpike. The property boasts a diverse tenant mix, including three separate tenants across four units. The ground floor comprises retail space and a commercial garage, while the second floor features two three-bedroom apartments. Built in 1988, the two-story building is well-maintained and features public water and sewer, four 100-amp meters, and ample parking for 20 vehicles. The property generates a substantial net operating income (NOI) of $110,000, making it an attractive owner-user or investment opportunity. This multi-tenant property offers a modified lease structure and is currently operating at full occupancy. The asking price is $1,395,000. This is a rare opportunity to acquire a versatile and profitable commercial property in a desirable Maine location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RC · Wells, MEWells. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.